Product Manager-New Consumer Products

Allstate; United States; On-site; USD 100,000 - 170,000; Full time

Job summary

A leading insurance and risk management company is seeking talented professionals for product innovation roles. Ideal candidates bring 5+ years in product development and strategy, strong problem-solving abilities, and exceptional communication skills. The role involves identifying opportunities, aligning strategies with enterprise objectives, and leading cross-functional teams. This full-time position offers annual compensation between $100,000 and $170,000 based on experience, with additional incentives.

Qualifications

• 5 years of professional experience in product development and strategy.
• Critical thinking and problem-solving skills to approach complex challenges.
• Strong communication and stakeholder management to influence diverse teams.
• Ability to thrive in ambiguity and deliver strategic initiatives.

Responsibilities

• Identify new product and business opportunities through strong business judgment.
• Develop comprehensive strategies considering market dynamics and business models.
• Align new product strategies with enterprise goals to maximize impact.
• Lead cross-functional development by partnering with various teams.
• Deliver successful launches through collaboration with marketing and sales teams.

Skills

Analytical Thinking

Detail-Oriented

Employee Supervision

Negotiation Tactics

Process Improvements

Product Management

Strategic Collaborations

Thrive Under Pressure

Time Management

Job description

Overview

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. Our Enterprise Consumer Product Innovation Team shapes the future of protection by turning new product ideas into thriving businesses that meet evolving consumer needs. Our team combines expertise in strategy, product development, design, technology, and data to deliver innovative, consumer-focused solutions.

What We’ve Achieved So Far: expanded into device protection (smartphones) through a major acquisition; entered the digital protection space through in-house development and acquisitions; built a peer-to-peer car-sharing business; explored consumer data and AI with a strategic investment and joint product development with a technology startup; developed new solutions in the “buy now, pay later” space through proprietary technology and in-house innovation.

Key Responsibilities

• Identify new product and business opportunities: Use strong business judgment and insights from internal and external signals to uncover and prioritize the most promising opportunities for Allstate now and in the future.
• Develop comprehensive strategies: Create holistic plans for selected opportunities, considering market dynamics, business models, and go-to-market approaches to craft the best path forward.
• Align with enterprise goals: Integrate new product strategies and business models with Allstate’s broader objectives to capture synergies and maximize impact.
• Lead cross-functional development: Drive the creation of new products and businesses by partnering with teams across design, technology, operations, finance, legal, and regulatory functions.
• Deliver successful launches: Execute large-scale launches of new products and businesses by collaborating with brand, marketing, sales, distribution, and customer service teams.

Relevant Experience

We are looking for versatile professionals with a proven track record of driving impact and owning outcomes. Ideal candidates will bring:

• Experience in product development and strategy: Background in roles focused on strategy or product within new product development efforts, ideally in environments where lean, cross-functional teams were responsible for success or failure (such as high-growth companies or innovation-focused consultancies).
• Critical thinking and problem-solving skills: Ability to approach complex challenges with structured thinking, broad business acumen, and creativity. Skilled at analyzing market, technology, and consumer landscapes to identify what matters most and draw actionable conclusions. Comfortable working with technology and data, including practical applications of artificial intelligence.
• Strong communication and stakeholder management: Proven ability to simplify complex topics, influence diverse teams, and build strong relationships across all levels of an organization, including executive leadership.
• Execution in ambiguity: Thrives in uncertain environments, challenges conventional thinking, and delivers major strategic initiatives with creativity and confidence.

5 Years of Professional Experience.

Skills

Analytical Thinking, Detail-Oriented, Employee Supervision, Negotiation Tactics, Process Improvements, Product Management, Strategic Collaborations, Strategic Objectives, Thrive Under Pressure, Time Management

Compensation

Base compensation offered for this role is $100,000 -$170,000 annually and is based on experience and qualifications. Total compensation for this role is comprised of several factors, including the base compensation outlined above, plus incentive pay (i.e. commission, bonus, etc.) as applicable for the role.

The candidate(s) offered this position will be required to submit to a background investigation.

Joining Our Team

Joining our team isn’t just a job — it’s an opportunity. It takes your skills and pushes them to the next level. It encourages you to challenge the status quo and provides a chance to shape the future of protection while supporting causes that matter to you. Allstate generally does not sponsor individuals for employment-based visas for this position.

Legal notices: Effective July 1, 2014, Indiana law prohibits discrimination against veterans. For questions about local fair chance ordinances in San Francisco or Los Angeles, and for the EEO Know Your Rights poster or FMLA poster, see the provided links. It is the Company’s policy to employ the best qualified individuals and to prohibit discrimination on protected characteristics at all stages of employment.